| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $529M | $398M | $497M | 32.9% | 6.4% |
| Op. Income | $59M | -$15M | $36M | 493.3% | 63.9% |
| Gross Margin | 92.1% | 93.2% | 92.0% | -1.2pp | 0.1pp |
| Net Margin | 6.8% | -2.8% | 4.8% | 9.6pp | 2.0pp |
| EPS (Diluted) | $0.28 | $-0.08 | $0.17 | 459.0% | 64.7% |
| Free Cash Flow | $177M | $83M | $36M | 113.3% | 391.7% |
| Item | Amount |
|---|---|
| REVENUE | $529M |
| Cost of Revenue | $42M |
| GROSS PROFIT | $487M |
| R&D Expenses | $25M |
| Selling & Marketing | $218M |
| General & Administrative | $162M |
| SG&A Expenses | $380M |
| Other Expenses | $23M |
| Operating Expenses | $428M |
| Cost & Expenses | $470M |
| OPERATING INCOME | $59M |
| Interest Income | $10M |
| Interest Expense | $17M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $23M |
| EBIT | $64M |
| EBITDA | $87M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $529M |
| Cost of Revenue | $42M |
| GROSS PROFIT | $487M |
| R&D Expenses | $25M |
| Selling & Marketing | $218M |
| General & Administrative | $162M |
| SG&A Expenses | $380M |
| Other Expenses | $23M |
| Operating Expenses | $428M |
| Cost & Expenses | $470M |
| OPERATING INCOME | $59M |
| Interest Income | $10M |
| Interest Expense | $17M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $23M |
| EBIT | $64M |
| EBITDA | $87M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $36M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $29M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $105M |
| OPERATING CASH FLOW | $202M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$27M |
| Net Debt Issuance | $327M |
| Common Stock Repurchased | -$451M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$127M |
| FREE CASH FLOW | $177M |
| Net Change in Cash | $58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $0 |
| Net Receivables | $284M |
| Inventory | $0 |
| Other Current Assets | $51M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $252M |
| Goodwill | $843M |
| Intangible Assets | $35M |
| Long-Term Investments | $29M |
| Tax Assets | $116M |
| Other Non-Current Assets | $45M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.9B |
| Account Payables | $80M |
| Short-Term Debt | $353M |
| Deferred Revenue | $85M |
| Other Current Liabilities | $65M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $822M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $95M |
| TOTAL NON-CURRENT LIABILITIES | $991M |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $412M |
| Retained Earnings | $301M |
| Treasury Stock | -$40M |
| Accum. Other Comp. Income | -$46M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $627M |
| Minority Interest | $0 |
| TOTAL EQUITY | $627M |
| TOTAL LIABILITIES & EQUITY | $2.9B |
| Total Debt | $1.3B |
| Net Debt | $50M |
